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NZ commodity prices rise 3 per cent in May
NZ commodity prices rise 3 per cent in May, led by a jump in apple, kiwifruit prices.
NZ commodity prices rise 3 per cent in May, led by a jump in apple, kiwifruit prices.
Gold rallied to its highest in five months after the US missile strike against Syria.
Commodity prices saw broad-based gains in February, with meat and steel increasing while wool fell.
Gold volumes increased from major suppliers in Switzerland and Hong Kong, in the run-up to the Lunar New Year.
Wool prices at this week's auction fell, particularly for varieties sourced from the North Island.
Bullion has increased every trading session this year, with spot prices rising as much as 1.8 percent.
The New Zealand dollar extended its decline after this week's Federal Reserve decision to hike interest rates.
The dollar fell after the Federal Reserve raised its benchmark interest rate and signalled a faster pace of hikes in 2017.
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Equities on both sides of the Atlantic moved lower as weaker-than-expected data from China revived concern.
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Gold, silver and gems in the vaults of Malca-Amit in Singapore has jumped almost 90 per cent.
The New Zealand dollar was little changed near 73 US cents after the minutes of the Federal Reserve's policy review.
The New Zealand dollar was little changed above 72 US cents after minutes of the Federal Reserve meeting.
The New Zealand dollar climbed after figures showed the US consumer price index was flat last month while the price of whole milk
The New Zealand dollar climbed after dairy prices rose more than expected at the latest GlobalDairyTrade auction.
The dollar gained with other commodity-linked currencies as a pickup in prices of raw materials boosted sentiment.
Export log prices slip to a seven-month low amid a stronger Kiwi dollar and weaker markets.
New Zealand commodity prices rose for a second month in June, led by more seafood and dairy products.
Horticulture led the rise in New Zealand commodity prices last month.
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